8-ETF Portfolio

Asset Allocation

Position	Category/Sector	Target Weight
AVUV Avantis US Small Cap Value ETF	Small Cap Value Equities	12.50%
CALF Pacer US Small Cap Cash Cows 100 ETF	Small Cap Blend Equities	12.50%
COWZ Pacer US Cash Cows 100 ETF	Mid Cap Value Equities, Dividend	12.50%
IYW iShares U.S. Technology ETF	Technology Equities	12.50%
SCHX Schwab U.S. Large-Cap ETF	Large Cap Blend Equities	12.50%
SYLD Cambria Shareholder Yield ETF	Mid Cap Value Equities, Dividend, Actively Managed	12.50%
VGT Vanguard Information Technology ETF	Technology Equities	12.50%
XSVM Invesco S&P SmallCap Value with Momentum ETF	Small Cap Value Equities	12.50%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 8-ETF Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

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The earliest data available for this chart is Sep 26, 2019, corresponding to the inception date of AVUV

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-4.18%	-3.84%	-1.98%	21.98%	16.86%	10.37%	12.29%
Portfolio 8-ETF Portfolio	0.52%	-1.92%	2.17%	3.65%	32.30%	16.08%	10.50%	—
Portfolio components:
AVUV Avantis US Small Cap Value ETF	0.68%	-1.17%	9.54%	11.38%	38.64%	16.21%	10.57%	—
CALF Pacer US Small Cap Cash Cows 100 ETF	0.49%	-1.52%	1.92%	3.02%	30.42%	6.80%	3.30%	—
COWZ Pacer US Cash Cows 100 ETF	0.32%	-2.59%	4.25%	9.59%	23.24%	11.56%	10.99%	—
IYW iShares U.S. Technology ETF	0.52%	-3.13%	-7.13%	-6.06%	39.57%	26.25%	15.97%	21.86%
VGT Vanguard Information Technology ETF	0.85%	-2.69%	-5.36%	-5.50%	39.92%	23.50%	15.02%	21.67%
XSVM Invesco S&P SmallCap Value with Momentum ETF	0.76%	-0.90%	7.44%	8.28%	30.93%	12.20%	6.39%	12.42%
SYLD Cambria Shareholder Yield ETF	0.44%	-0.73%	9.32%	9.28%	27.47%	10.54%	6.91%	12.56%
SCHX Schwab U.S. Large-Cap ETF	0.08%	-4.02%	-3.63%	-1.77%	23.35%	18.46%	11.31%	14.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 27, 2019, 8-ETF Portfolio's average daily return is +0.07%, while the average monthly return is +1.43%. At this rate, your investment would double in approximately 4.1 years.

Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +16.3%, while the worst month was Mar 2020 at -19.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, 8-ETF Portfolio closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +9.9%, while the worst single day was Mar 16, 2020 at -12.0%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.19%	0.81%	-2.78%	1.03%									2.17%
2025	1.43%	-4.03%	-6.12%	-2.76%	6.68%	5.49%	1.88%	5.00%	2.19%	0.98%	0.75%	0.67%	11.97%
2024	-0.35%	4.10%	4.04%	-5.54%	4.55%	0.14%	5.70%	-1.42%	0.96%	-1.97%	8.15%	-5.34%	12.68%
2023	9.34%	-1.38%	-0.18%	-0.98%	0.15%	8.77%	6.06%	-2.19%	-3.51%	-3.61%	9.22%	7.52%	31.55%
2022	-4.57%	-0.25%	1.84%	-7.56%	1.67%	-11.53%	10.49%	-3.60%	-10.62%	11.65%	5.74%	-7.25%	-15.98%
2021	7.20%	5.36%	6.92%	3.72%	2.67%	1.58%	-0.18%	2.97%	-3.37%	5.16%	-0.15%	3.83%	41.45%

Benchmark Metrics

8-ETF Portfolio has an annualized alpha of 2.82%, beta of 1.08, and R² of 0.87 versus S&P 500 Index. Calculated based on daily prices since September 27, 2019.

This portfolio captured 116.42% of S&P 500 Index gains and 102.67% of its losses — amplifying both gains and losses, but participating more in upside than downside.
This portfolio generated an annualized alpha of 2.82% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 1.08 and R² of 0.87, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha: 2.82%

Beta: 1.08

R²: 0.87

Upside Capture: 116.42%

Downside Capture: 102.67%

Expense Ratio

8-ETF Portfolio has an expense ratio of 0.36%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

CALF

Pacer US Small Cap Cash Cows 100 ETF

SYLD

Cambria Shareholder Yield ETF

COWZ

Pacer US Cash Cows 100 ETF

IYW

iShares U.S. Technology ETF

XSVM

Invesco S&P SmallCap Value with Momentum ETF

AVUV

Avantis US Small Cap Value ETF

VGT

Vanguard Information Technology ETF

SCHX

Schwab U.S. Large-Cap ETF

Return for Risk

Risk / Return Rank

8-ETF Portfolio ranks 44 for risk / return — on par with similar portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	1.14	0.88	+0.26
Sortino ratio Return per unit of downside risk	1.70	1.37	+0.33
Omega ratio Gain probability vs. loss probability	1.25	1.21	+0.04
Calmar ratio Return relative to maximum drawdown	1.71	1.39	+0.32
Martin ratio Return relative to average drawdown	8.05	6.43	+1.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
AVUV Avantis US Small Cap Value ETF	62	1.17	1.73	1.24	1.90	7.48
CALF Pacer US Small Cap Cash Cows 100 ETF	45	0.87	1.36	1.20	1.30	5.92
COWZ Pacer US Cash Cows 100 ETF	47	0.94	1.41	1.21	1.26	5.81
IYW iShares U.S. Technology ETF	57	1.12	1.72	1.24	1.73	5.51
VGT Vanguard Information Technology ETF	57	1.10	1.67	1.23	1.88	5.72
XSVM Invesco S&P SmallCap Value with Momentum ETF	52	1.00	1.54	1.20	1.79	5.78
SYLD Cambria Shareholder Yield ETF	43	0.87	1.39	1.18	1.35	5.25
SCHX Schwab U.S. Large-Cap ETF	51	0.94	1.45	1.22	1.48	6.81

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

8-ETF Portfolio Sharpe ratios as of Apr 3, 2026 (values are recalculated daily):

1-Year: 1.14
5-Year: 0.53
All Time: 0.70

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.97 to 1.66, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of 8-ETF Portfolio compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

8-ETF Portfolio provided a 1.32% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.32%	1.42%	1.28%	1.30%	1.45%	1.39%	1.35%	1.28%	1.54%	1.20%	1.09%	1.76%
Portfolio components:
AVUV Avantis US Small Cap Value ETF	1.39%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
CALF Pacer US Small Cap Cash Cows 100 ETF	1.42%	1.43%	1.07%	1.18%	0.85%	2.63%	0.82%	0.99%	1.39%	0.70%	0.00%	0.00%
COWZ Pacer US Cash Cows 100 ETF	2.06%	2.19%	1.82%	1.92%	1.96%	1.48%	2.54%	1.96%	1.67%	1.95%	0.13%	0.00%
IYW iShares U.S. Technology ETF	0.15%	0.14%	0.21%	0.34%	0.50%	0.31%	0.56%	0.72%	0.92%	0.82%	1.14%	1.12%
VGT Vanguard Information Technology ETF	0.43%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%
XSVM Invesco S&P SmallCap Value with Momentum ETF	1.97%	2.29%	1.69%	1.31%	1.79%	1.23%	1.21%	1.22%	2.54%	1.90%	2.29%	2.68%
SYLD Cambria Shareholder Yield ETF	1.94%	2.25%	2.04%	1.92%	2.20%	2.37%	1.99%	2.08%	2.52%	1.57%	1.92%	6.93%
SCHX Schwab U.S. Large-Cap ETF	1.16%	1.09%	1.22%	1.39%	1.64%	1.22%	1.64%	1.82%	2.02%	1.70%	1.92%	2.04%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the 8-ETF Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the 8-ETF Portfolio was 38.88%, occurring on Mar 23, 2020. Recovery took 107 trading sessions.

The current 8-ETF Portfolio drawdown is 3.70%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-38.88%	Jan 21, 2020	44	Mar 23, 2020	107	Aug 24, 2020	151
-25.32%	Dec 5, 2024	84	Apr 8, 2025	94	Aug 22, 2025	178
-24.81%	Nov 17, 2021	219	Sep 30, 2022	204	Jul 26, 2023	423
-10.19%	Aug 1, 2023	63	Oct 27, 2023	24	Dec 1, 2023	87
-9.63%	Sep 3, 2020	14	Sep 23, 2020	12	Oct 9, 2020	26

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 8 assets, with an effective number of assets of 8.00, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	IYW	VGT	XSVM	COWZ	SYLD	CALF	AVUV	SCHX	Portfolio
Benchmark	1.00	0.89	0.91	0.67	0.75	0.71	0.71	0.72	1.00	0.89
IYW	0.89	1.00	0.99	0.46	0.53	0.48	0.53	0.51	0.89	0.74
VGT	0.91	0.99	1.00	0.49	0.56	0.52	0.56	0.55	0.91	0.77
XSVM	0.67	0.46	0.49	1.00	0.84	0.92	0.92	0.94	0.68	0.90
COWZ	0.75	0.53	0.56	0.84	1.00	0.91	0.88	0.89	0.75	0.90
SYLD	0.71	0.48	0.52	0.92	0.91	1.00	0.92	0.95	0.72	0.92
CALF	0.71	0.53	0.56	0.92	0.88	0.92	1.00	0.94	0.72	0.93
AVUV	0.72	0.51	0.55	0.94	0.89	0.95	0.94	1.00	0.73	0.93
SCHX	1.00	0.89	0.91	0.68	0.75	0.72	0.72	0.73	1.00	0.90
Portfolio	0.89	0.74	0.77	0.90	0.90	0.92	0.93	0.93	0.90	1.00

The correlation results are calculated based on daily price changes starting from Sep 27, 2019

8-ETF Portfolio

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table